IT’S THAT TIME AGAIN! WHERE DID THE YEAR GO?

There were many changes introduced these past couple of years that instead of making it easier to complete your own tax return, have made it more difficult. Simple returns are not simple if you don’t know about the intricacies of the US tax system. Thank you for having the trust in us to be your US tax accountant.

So why return to DSK?  You know us and we know you.  We prepared your return last year and quite possibly for
over a decade.  Your information is on file with us.  Protected and secure.  Once we have received all of your tax
information your return will be ready for filing with the Internal Revenue Agency within the filing deadlines.  Unless it is prohibited, your tax return will be filed using our electronic filing facility once the returns are signed and payment is received in our office.  This will speed up the processing of your return by the IRS and decrease the wait time for a refund.

Our tax partner, Jason Kingston, CPA, CGA, EA(US) is one of a very small number of Enrolled Agents with the
Internal Revenue Service in the Kitchener / Waterloo and Cambridge area, and DSK LLP is the only Certified
Acceptance Agent with the IRS in the area.

• If you are a US citizen/Green card holder and hold more than $10,000 USD combined in accounts in
  Canada that you have signing authority over, you have to file FBARs. For your FBAR’s – for each Canadian
  (foreign to the US) account we need:
  – Account number
  – Name of the financial institution
  – Highest balance of that account in the year or December 31 balance
  – Type of account (savings, chequing, TFSA, RESP, investment etc.)
• If the US citizen/green card holder holds an RESP or TFSA, we need those statements from Jan-Dec 2018.
• If you are a US citizen/green card holder and we are not completing your Canadian return, we need a copy
  of your completed Canadian return and any US slips. If you are filing a US non-resident return, a copy of
  your Canadian return is not necessary.
• If you are a US citizen/green card holder and you are a shareholder of a corporation, we need a copy of
  your last financial statements (ending in 2018).
• If you are a US citizen/green card holder and you have capital gains to report (a gain/loss investment
  summary) and we do not do your Canadian return, we need a copy of that report.

Please schedule an appointment if needed as early as possible.  If your tax situation is the same as in previous years, you can simply drop off your paperwork at whichever office is more convenient for you.  If an appointment is required to discuss your tax matters please contact us to schedule an appointment as soon as possible.  Due to the hectic time of year we will need to try and keep the appointment to 15 minutes in order that we may meet with you and still have time to prepare your return.

One last thing… We’d love if you referred us.  We really like doing business with you.  We hope you feel likewise.  Looking after your financial and tax affairs can be challenging, interesting, professionally and intellectually stimulating.  Often it requires the training and experience that only a Chartered Professional Accountant can offer.  So, whenever an opportunity arises, please refer us to your friends and colleagues. We’ll do our very best to honour your recommendation.

Thank you from all of us. For more information please refer to our website: WWW.DSKCPA.CA